Bullish (BLSH) Notes Payables (2024 - 2026)
Bullish's (BLSH) quarterly Notes Payables came in at $8.6 million in Q1 2026, down 2.17% quarter-over-quarter from $8.8 million in Q4 2025.
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Analysis
Bullish (BLSH) Notes Payables (2024 - 2026) Analysis & Trends
Bullish has disclosed Notes Payables across 3 years of filings, most recently posting $8.6 million for Q1 2026.
- In Q1 2026, Notes Payables changed N/A year-over-year to $8.6 million; the TTM figure through Mar 2026 stood at $8.6 million (changed N/A YoY), while the FY2025 annual figure was $8.8 million, down 64.94% from the prior year.
- Notes Payables came in at $8.6 million for Q1 2026 at Bullish, down from $8.8 million in the prior quarter.
- In the past five years, Notes Payables ranged from a high of $25.0 million in Q4 2024 to a low of $8.6 million in Q1 2026.
- Average Notes Payables over 3 years is $12.8 million, with a median of $8.8 million recorded in 2025.
- The largest YoY upside for Notes Payables was 64.94% in 2025 against a maximum downside of 64.94% in 2025.
- Over 3 years, Notes Payables stood at $25.0 million in 2024, then slumped by 64.94% to $8.8 million in 2025, then declined by 2.17% to $8.6 million in 2026.
- Per Business Quant data, the three most recent Notes Payables figures were $8.6 million in Q1 2026, $8.8 million in Q4 2025, and $8.8 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.68 Bn | 57.34 Bn | 40.81 Mn |
| 2 | Coinbase Global | 52.26 Bn | 43.47 Bn | 1.16 Bn |
| 3 | PayPal Holdings | 45.26 Bn | 34.01 Bn | - |
| 4 | Block | 44.88 Bn | 38.42 Bn | 3.17 Bn |
| 5 | Iren | 35.80 Bn | 28.23 Bn | 103.89 Mn |
| 6 | Corpay | 25.96 Bn | 19.27 Bn | 1.19 Bn |
| 7 | Fiserv | 24.43 Bn | 23.83 Bn | 3.59 Bn |
| 8 | Global Payments | 22.33 Bn | 17.57 Bn | 2.03 Bn |
| 9 | Hut 8 | 12.62 Bn | 6.14 Bn | 48.04 Mn |
| 10 | Bullish | 6.05 Bn | 5.99 Bn | 15.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 8.57 Mn |
| Dec 31, 2025 | 8.76 Mn |
| Sep 30, 2025 | 8.76 Mn |
| Dec 31, 2024 | 25.00 Mn |
API Access
Bullish Notes Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=notes-payables&ticker=BLSH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "ticker": "BLSH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=notes-payables&ticker=BLSH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();